Research Update: French Bank BPCE And Core Subsidiaries 'A+' Ratings Placed On CreditWatch Negative Following Same Action On France Dec 11
- Language: English
- Published: December 2011
- Region: France
LONDON -- Standard & Poor's CreditWire 10/10/95 -- Standard & Poor's, in conjunction with its French affiliate S&P-ADEF, places the long-term and short-term ratings of Banque Francaise du Commerce Exterieur (BFCE) and the short-term rating of Credit National (CN) and related entities (see list) on CreditWatch with negative implications, due to the likely privatization of BFCE and subsequent purchase by CN of the majority of BFCE's shares. The ratings on BFCE's and CN's long- and short-term debt guaranteed by the Republic of France are not placed on CreditWatch. The privatization and sale of BFCE to CN looks likely, although it is not a certainty. In August this year, the French Ministry of Finance issued a decree effectively allowing a nationalized...
Companies mentioned in this report are:
- Natexis Banque
- Natixis S.A.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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